Peter Brandt Predicts Bitcoin Price Could Plunge Below $58K

Jakarta, Pintu News – Legendary trader Peter Brandt issued another negative prediction for the price of Bitcoin (BTC) on Monday (12/1), warning of a potential big drop to come.

The global crypto market capitalization plummeted by more than 5%, down to $2.92 trillion, while BTC prices slumped 6% and hit an intraday low of $85,653 today.

Peter Brandt Predicts Bitcoin Price Will Fall Sharply

In a post on the X platform on December 1, Peter Brandt – known for his accurate predictions of Bitcoin price peaks and bottoms – again expressed his pessimistic views on BTC’s price movements.

Read also: Bitcoin Price Hovers at $86,000 Level Today: Can BTC Recover?

He shared a weekly logarithmic chart of Bitcoin that shows the pattern of peaks and bottoms in BTC price over the past 12 years. In the chart, Brandt highlighted the upper limit of the lower green zone that starts from a range below $70,000. He pointed out that there is still room for Bitcoin price to continue to fall.

Furthermore, he underlined that the lower limit of the green zone is in the mid-$40,000 range. If the crypto market does enter a bearish phase, then a massive sell-off by institutional investors as well as companies that hold crypto assets on their balance sheets could trigger a Bitcoin price crash below $50,000.

Although Brandt remains optimistic about Bitcoin in the long run, last month he predicted a price drop to $58,000 after BTC failed to stay above the psychological barrier of $100,000.

He cited the $81,000 and $58,000 levels as two major support points – and his prediction proved accurate as Bitcoin’s price has recently fallen through $81,000.

Will Bitcoin Repeat Historical Pattern and Plummet 60%?

Bitcoin is still following its pre-existing four-year cycle pattern, where a price peak is usually reached within 12-18 months after the halving event, and the bull market peaked around days 1,060 to 1,070 since the last halving.

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Long-term holders (LTHs) and old “whales” have started selling their holdings, while short-term investors and institutions are simply seizing the moment to buy thedip.

As reported by CoinGape, the potential fall in BTC’s current price is considerable as it is positioned in line with the realized price and the 200-week moving average (200-WMA) – both at around $56,000.

The main question that arises is how deep the decline will go this time. For comparison, in previous bear markets, Bitcoin price has fallen by more than 80% and 70%.

Currently, the price of BTC has dropped more than 32% from its all-time high of $126,198.

Bitcoin price is currently hovering around $86,738, down more than 6% in the last 24 hours. In that period, the price reached a low of $85,653 and a high of $91,965. Interestingly, trading volumes surged by 66% in the last 24 hours, as the market panicked due to today’s crypto price crash.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Legendary Trader Peter Brandt Warns of Deeper Bitcoin Price Crash Below $58K. Accessed on December 2, 2025